At AdviceFirst we’re all about finding ways to help you realise a better future. So, here’s a gentle yet firm reminder to do a couple of things you may have put on the back-burner until now. Both have the power to give you some real comfort and security about the future once you’ve got them sorted.
Making your Will
A Will makes sure that your wishes are carried out in the future and that’s why it’s one of the most important documents you will ever have. Especially when you have family and loved ones to consider.
It sets out the who, what, why and when of your legacy and helps you take care of the people or organisations who matter most to you.
Ironically enough, a Will is a living document, so it’s important to set aside time each year, or when circumstances change, to make sure it’s kept up to date. For instance, a new addition to the family, a separation, or some other change may well mean a change for your Will. And don’t forget that marriage revokes a Will, so you’ll need to make a new one if you get married.
A Will is a highly personal document and is very much a reflection of you and your life which is why it’s important to do it properly. Your solicitor can be a good place to start to help you get it sorted.
Establishing your EPA
At the same appointment, you can also arrange your Enduring Power of Attorney (EPA) with your solicitor.
This is another extremely important legal document that gives people you choose the power to help manage your assets and personal care and welfare, if you are unable to do so yourself.
While it might be tempting to put this off until you are much older, it’s recommended that everyone from age 18 onwards put an EPA in place as early as possible. So, get it done and forget about it. Reason being, any one of us could lose our mental capability at any time through illness or an accident. That’s when an EPA can help sort our care and finances with greater ease and comfort.
Once again, an EPA is highly personal legal document your solicitor can help you get sorted or talk to your AdviceFirst Adviser if you have any questions.